122 I , ': k ..... . . . . .. K .. . . . . . . . . . . . . . . . \ l . ,," " i' , t y " , .. ...-' : øøP ",' "",*"" ' -.:..,.. <0 ::1 G1 :::::::. ': ::.-: . ":::..' .'. . <- ".::' :;:::: "ijf '>>'" ':::':'." /:: :. :.... ........, ( :...# ":':::" 'i!: " :::::. ........ << ....., J ' ; ". .....-: . f.- A, -;:':" 'i ' ::....: .. ir'f' z$" "" ...... ,ill y .., '" '- ! ." ... ";):' fr \', \ ø . PURE VIRGIN WOOL The contemporary city dress: a well-defined stroke of grey or camel wool with geometric ac- cents By Richard Frontman for our Miss Forecast, $65 KAUFMANN'S PITTSBURGH mood, and the two men fell to de- bating the question of exactly how well the \Varren theory was proving itself. Despite all the dollar depreciation, Harrison pointed out, domestIc wheat and cotton prIces stood at about the same levels as at the start of Novem- ber. Yes, Roosevelt countered, but look at rubber and tin-their prices were up. Harrison eXplained that this proved nothing, because rubber and tin, being largely Imported commodities In the United States, reflected world prices, which were fixed in terms of gold, and therefore a rise in the gold price auto- matically meant a rise in their prices. Apparently impressed hy this fairly ob- vious point, Roosevelt agreed to leave the exchange markets alone for the three remaining business days of that week. Thele were more such conversa- tions. "It's funny how sometimes they [prices] seen1ed to go against all the rules," the President mused, in evident perplexity, in the course of one of them. The long-distance talks were becoming an economics seminar-which is to sa} that Hdrrison, as the tutor, was gaining the upper hand. On the twenty-third, even though the dollar had strength- ened and the price of wheat fell three cen ts a bushel, Roosevelt stuck to his pledge not to buy more gold that week. He and Harrison returned to sparring, Roosevelt saying he had charts to prove that prices were improving according to plan, Harrison reiterating his point of the previous day that the higher prices, since they were mostly those of imported commodities, didn't count. Harnson noted in his office diary that he now felt that Roosevelt was coming to understand the principle of stabiliza- tion. "On the whole, I considered it an encouraging conversation," he wrote. His exalted pupil might finally grasp the basic concepts after all. W HILE the seminar went on, the protests from businessmen across the countrv were mountIng to a fortissimo. On November 18th, the United States Chamber of Commerce had issued a blast calling for an early return to the gold standard. That same week, Bernard Baruch, a vi n tag e F.D.R. supporter, came out with an article in the Saturday Evpning Post saying that the inflation could nullify the other accomplish men ts of the New I)eal. On the twenty-first, I)r. Oliver M. \V. Sprague of Harvard resigned his job as an economic adviser to the Presiden t to be free to attack the pro- gram. ("Sprague is a nuisance," Roose- velt had just written to a friend.) The same day, the publisher of a leading SEPTEMDER , , , 9 (, 9 - UNIQUE ARRAY OF GEMS -r- I + \ $ '><!t.." , , "t " ....- . \' '$ ... ...', '*- . ; (M<* -* " ; , þ> lt i' ':. . ,, '* I ... ,. ...>o. ... , ."' ," , ,-"... > , c 18Kt. Yellow Gold Ring with Diamonds, Sapphires and Canary Diamonds"'$ 5 700. Send Jor Brochure GUGLIELMO CINI INC. 867 SOUTH COAST HWY LAGUNA BEACH, CALIF. 92651 Phone (714) 494-1440 Bathe naked in the ocean ( We pipe salt water to your Dathtub.1 clJ Chalfonte · Haddon Hall on the Boardwalk, Atlantic City, N.J. Call Robert F. Warner, Inc., New York Chicago/W ashingtonjBostonjT oronto Or can collect 609-344-5131 is the Meow with Wow from Sept. 3 to Sept. 30 Performances 9:15 & 12:15 For reservations call PLaza 9-3000 PERSlAN ROOM' AT THE PLAZA An HCA Hotel